PennyDAO is a decentralized application built on the Ethereum blockchain for students and purpose-aligned stakeholders to create a shared story of reducing the inequalities and financial cost of obtaining a college or university degree.
The decentralized application is open-source, scalable, and leverages smart contracts to:
Efficiently manage principal capital provided by stakeholders in high-yield decentralized finance strategies to generate a stream of sustainable funding for DAO-determined activities;
Provide a streamlined way for stakeholders to assess and vote on student applications to distribute community funds; and
Establishes Proof of Impact as a non-fungible token, where stories of personal impact are collected by stakeholders as immutable, verifiable, and permanent expressions of their change.